Yamaha denies business partnership with Mahindra

Jamming the brakes on all rumours doing the rounds about Yamaha joining hands with Mahindra 2-Wheelers

, the Japanese company released an official statement which says, “Yamaha Motor denied media reports of its business partnership with Mahindra 2Wheelers and announced that it is committed to the Indian market and plans to make investments in capacity expansion as well as new product development.

Adding to the whole issue, India Yamaha Motor CEO & MD, Mr. Hiroyuki Suzuki said, “We are not looking for business partnership with any company. Our Mid-term plan is on track and we will be making sizeable investments for new product development, sales & service network strengthening and capacity expansion over the next few years.”